Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

This Major Bitcoin Metric Just Made A New Low For The First Time In 6 Years, Is An ATH Above $130,000 Coming?

October 7, 2025

How Leverage.Trading Data Tracks Retail Stress From Liquidations to Early Warnings

October 7, 2025

SEC Aiming to Formalize ‘Innovation Exemption’ by End of Year, Chair Atkins Says

October 7, 2025
Facebook X (Twitter) Instagram
Tuesday, October 7 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

Bitcoin Drops Below $98K—Is This the Perfect Buying Opportunity for Investors?

December 21, 2024Updated:December 21, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin Drops Below K—Is This the Perfect Buying Opportunity for Investors?
Share
Facebook Twitter LinkedIn Pinterest Email
ad


Bitcoin, the main cryptocurrency by market capitalization, has lately skilled a major and sudden worth correction, sparking debate amongst buyers.

Considerations have surfaced about whether or not this downturn alerts the conclusion of the present bull cycle or merely represents a brief setback.

Whereas short-term holders face losses, long-term metrics present a broader perspective on Bitcoin’s trajectory, as analyzed by CryptoQuant’s Avocado Onchain in a current report.

Alternative Or Finish of The Bull Cycle?

In line with Avocado Onchain, the realized worth for buyers who entered the market throughout Bitcoin’s current peak at $98,000 locations them in a loss-making place.

Nevertheless, for individuals who invested between one to 3 months in the past, the realized worth is considerably decrease at $71,000, providing a cushion in opposition to the present correction.

Bitcoin Drops Below K—Is This the Perfect Buying Opportunity for Investors?

Avocado identified that historic patterns from Bitcoin’s 2021 bull cycle reveal comparable alternations between report highs and sharp corrections, suggesting that these dips might not essentially point out the tip of the cycle. As an alternative, they’ve traditionally been “alternatives” for market rebalancing and subsequent progress.

A key indicator analyzed is the 30-day shifting common of the short-term SOPR (Spent Output Revenue Ratio). This metric tracks whether or not current market contributors are promoting at a revenue or a loss.

The present SOPR knowledge reveals that current short-term inflows into Bitcoin have but to lead to substantial profit-taking. In contrast to earlier cycle peaks characterised by aggressive promoting, the continued correction seems subdued, indicating that the market should still have room for upward motion.

Bitcoin short-term Spent Output Profit Ratio

Bitcoin Quick-Time period Dips vs. Lengthy-Time period Tendencies

Moreover, Avocado Onchain highlights the significance of distinguishing between short-term corrections and broader cycle traits. Bitcoin’s tendency to rebound after corrections in previous bull cycles reinforces the notion that the present downturn won’t mark the cycle’s finish.

These insights align with the behaviour of long-term holders, who typically use corrections to consolidate their positions, strengthening market resilience.

Avocado concluded the evaluation, noting:

For buyers who’ve but to enter the market, this can be a superb alternative to purchase Bitcoin at a reduction. As an alternative of succumbing to panic promoting throughout short-term downturns, adopting a long-term perspective and a dollar-cost averaging (DCA) technique might be a simpler method.

On the time of writing, Bitcoin is seeing a gradual rebound in its worth surging by 1.3% previously 1 hour. Regardless, the asset nonetheless seems to be overshadowed by the bears as BTC stays down by 3.5% previously day and 10.5% from its peak of $108,135 recorded final week.

Bitcoin (BTC) price chart on TradingView

Featured picture created with DALL-E, Chart from TradingView



Source link

ad
98KIs Bitcoin Buying Drops Investors opportunity Perfect
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

This Major Bitcoin Metric Just Made A New Low For The First Time In 6 Years, Is An ATH Above $130,000 Coming?

October 7, 2025

How Leverage.Trading Data Tracks Retail Stress From Liquidations to Early Warnings

October 7, 2025

SEC Aiming to Formalize ‘Innovation Exemption’ by End of Year, Chair Atkins Says

October 7, 2025

Grayscale Stakes 32,000 Ethereum Worth $150 Million – Institutional Demand Grows

October 7, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
This Major Bitcoin Metric Just Made A New Low For The First Time In 6 Years, Is An ATH Above $130,000 Coming?
October 7, 2025
How Leverage.Trading Data Tracks Retail Stress From Liquidations to Early Warnings
October 7, 2025
SEC Aiming to Formalize ‘Innovation Exemption’ by End of Year, Chair Atkins Says
October 7, 2025
Grayscale Stakes 32,000 Ethereum Worth $150 Million – Institutional Demand Grows
October 7, 2025
CEA nears 1% BNB goal as asset value reaches new ATH
October 7, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.